In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we have highlighted the fact that it is Thanksgiving, so have a great day those of you who celebrate Thanksgiving as we focus on Thanksgiving trading while watching the euro.
EUR
This day, from a trading perspective, means that we can expect lighter than normal trading volumes. So, don’t be surprised if you see the markets go to sleep. With that said, we will be keeping a close eye on the EURUSD. Yesterday, we saw prices try to reverse Tuesdays sell-off. Unfortunately, this failed and saw close to a 70% pullback from yesterdays highs of 1.1424. As a result, we are expecting this price to eventually continue lower, so any break below 1.1358 would constitute a continuation move to the downside.
Thanksgiving Trading While Watching the Euro – Full Video Analysis
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